thanks for the posting abdm,
from your post the bit that concerns us as ' how many can we get our hands on through the SPP ( Share Purchase Plan ) is
... " * A subsequent offer to existing eligible shareholders of up to $15,000 of shares per eligible shareholder under a Share Purchase Plan (SPP) to raise approximately $20 million before costs, with the ability to accept applications in excess of that amount." ...
... so if fully subscribed
... if i own 2 PRR shares ... I am entitled to $15 k worth of shares ?
... if i own 2,000,000 PRR shares ... I am entitled to ONLY $15 k worth of shares ?
... That sucks !
surely there should be a ratio element with regards to the more you own the more you are entitled to ( which I posted last night )
say 1 : 8 etc..
trading halt, page-23
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Mkt cap ! $464.8M | |||
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| 32.0¢ | 42705 | 2 |
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